An Essay on the Nature and Significance of Economic Science<\/strong>, Robbins argued that economics is a science of choice under conditions of scarcity. He defined economics as “the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.”<\/p>\nRobbins’ view of economics as neutral between ends has been influential in the development of economic thought. It has been used to argue that economics should not be used to make value judgments about what ends are desirable. Instead, economics should be used to analyze the costs and benefits of alternative means of achieving given ends.<\/p>\n
Adam Smith, Alfred Marshall, and Arthur Pigou were all economists who made significant contributions to the development of economic theory. However, they did not share Robbins’ view of economics as neutral between ends. Smith, for example, argued that the goal of economics is to promote the wealth of nations. Marshall argued that economics should be used to improve the welfare of society. Pigou argued that economics should be used to correct market failures.<\/p>\n
In conclusion, the correct answer to the question “Whose view is that, ‘Economics is neutral between ends’?” is B. Robbins<\/strong>. Robbins’ view of economics as neutral between ends has been influential in the development of economic thought. It has been used to argue that economics should not be used to make value judgments about what ends are desirable. Instead, economics should be used to analyze the costs and benefits of alternative means of achieving given ends.<\/p>\n","protected":false},"excerpt":{"rendered":"[amp_mcq option1=”Adam Smith” option2=”Robbins” option3=”Marshall” option4=”Pigou” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-45540","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n
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